The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was and never had been such a plan.

Russia warned that U.S. efforts to enforce dollar use could backfire. The BRICS nations, while discussing a common currency, are unlikely to replace the dollar, as Trump threatens 100% tariffs on countries attempting to do so amid U.

BRICS doesn’t plan to create a new common currency to replace the dollar, Kremlin spokesman Dmitry Peskov said.

Spokesperson for the Presidential Communication Office (PCO), Philips Vermonte, said on Friday that Indonesia's membership of BRICS does not mean the country is distancing itself from its Western allies.

President Donald Trump attempted to renew his threat against a bloc of nine nations in case they tried to undermine the US dollar.

Kremlin spokesperson Dmitry Peskov clarified that BRICS, of which Russia is a member, was not considering the creation of a shared currency but was instead focused on developing joint investment platforms.

Congress MP Shashi Tharoor said that US President Donald Trump’s threats to impose tariffs on BRICS nations “seem empty” as there is no plan to introduce an alternative currency to the US dollar. He said that there is no serious proposal for the BRICS to come up with an

The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was no such plan.

Shri Shri Donald J. Trump, the 47th president of the USA, has been on a loop yelling ‘tariffs’ from the rooftop and basement ever since his re-election campaign.

Trump reiterates his 100% tariff threat to BRICS if they try to replace the U.S. dollar as a reserve currency. Read more.

Representative Alexandria Ocasio-Cortez on Thursday slammed Trump’s claims that diversity, equity, and inclusion caused the deadly plane crash that killed 67 people near Washington, D.C.—and is drawing attention to the fact that Trump eliminated members of a key aviation safety committee just days before this disaster.